It’s no secret that the video game industry is going through a tough time. This is reflected not only in the massive layoffs from last year, but also by lower hardware sales. related, AMD assurances for 2024 were not very positive play station And Xbox, something that will continue throughout the year.
During the shareholders meeting, it was revealed that AMD was able to generate $5.5 billion in the last fiscal quarter. however, The results were not as positive as expected due to lower sales of PlayStation 5 and Xbox Series X|S. Let’s remember that AMD is responsible for manufacturing these two hardware CPUs and GPUs. Here’s what was said about it:
“If you look at games, demand has been pretty weak. Everyone knows that. There are also inventory issues. We estimate that the first and second trimesters will decrease by more than 30%, and the second semester will be lower than the first. “This is how we see the video game industry this year.”
Although there is no official information from Sony and Microsoft about the sales of their respective hardware at the moment, don’t be surprised to hear that the PlayStation 5 failed to meet its sales expectations, Especially after Sony reduced this number a few months ago. For its part, Microsoft no longer shares this data, and will do so less with fewer sales.
PlayStation 5 and Xbox Series X|S achieved record sales in their first year on the market, At present the situation is not so favorable, and both organizations must consider that the epidemic boom is over. On a related note, PlayStation dominated sales last February. Likewise, a new clue has emerged about a possible Xbox laptop.
Author’s Note:
The pandemic boom is over, and companies, especially investors, need to understand that the high numbers recorded between 2020 and 2023 will not return. Until they take this into account, they will continue to report low sales and not meet expectations.
Through: VentureBeat
